By E. Janene Geiss
Philadelphia, June 27 - Lehman Brothers Holdings Inc. priced $1.5 million 0% return enhanced notes due Aug. 3, 2009 linked to the common stock of United States Steel Corp., according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain on U.S. Steel's share price, subject to a maximum gain of 46%. Investors will share in any losses if the share price stays the same or declines.
Lehman Brothers Inc. will be the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Return enhanced notes
|
| Underlying asset: | United States Steel Corp. (NYSE: X)
|
| Amount: | $1.5 million
|
| Maturity: | Aug. 3, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any gain, capped at 46%; investors share in any losses
|
| Initial share price: | $191.33
|
| Pricing date: | June 26
|
| Settlement date: | July 1
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 2.5%
|
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